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View Full Version : Egypt's Dollar Bonds Fall as Foreign Reserves Drop to 7-Year Low - Bloomberg



NewsWhore
02-07-2012, 09:40 AM
Egypt's Dollar Bonds Fall as Foreign Reserves Drop to 7-Year Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH_GDHepWum4YVT-gLlVSwVqhCuIg&url=http://www.bloomberg.com/news/2012-02-07/egypt-s-dollar-bonds-fall-as-foreign-reserves-drop-to-7-year-low.html)
Bloomberg
Twelve-month non- deliverable forwards for the pound were at 7.2 a dollar, reflecting expectations for the currency to decline 16 percent of its value over that period. “Hard depreciation, which the central bank has repeatedly said it is against, ...

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